Shree Tirupati Balajee IPO: Shree Tirupati Balajee Agro Trading Co. Ltd‘s IPO was a success, receiving 124.74 times subscribers on the bid day.
According to NSE information data, the IPO was worth around 170 crore rupees and received bids of 1,78,48,29,420 shares, compared to the offering of 1,43,08,000 shares.
On the gray market, this share will be sold for 50 rupees.
This means that there could be an income of 61% in comparison to what was the IPO price of 83 rupees. The possible price of listing could be as low as 133 rupees.
Table of Contents
How Many Subscriptions Come From What Segment?
The non-institutional investor quota received 210.12 % of the subscribers while the qualified institution buyers (QIBs) was 150.87 % of the subscribers.
The segment of retail individual investors (RIIs) was offered 73.22 % bids. Shree Tirupati Balajee Agro Trading Co. Ltd IPO has received 6.36 times the subscription on the day that bidding began on Thursday.
Shree Tirupati Balajee Agro Trading Co. Ltd has set an IPO price band of 78-83 rupees per share to be used for the IPO. The amount of this IPO was around 170 crore rupees.
See Other Information
The IPO is a new offering of 1.47 crore equity shares as well as the offer to sell (OFS) comprised of 56.90 thousand equity shares issued by Binod Kumar Agarwal.
The money raised through the sale of shares is used to repay debt, invest in subsidiaries, capital requirements, and general corporate functions.
Shree Tirupati Balajee Agro Trading Co. Ltd is in the manufacturing and selling of industrial packing materials including large flexible bags, fabric woven sacks, and tapes.
Quick Fact
Shree Tirupati Balajee
| Company name | Shree Tirupati Balajee |
|---|---|
| IPO Subscription | 124.74 times |
| IPO Opening Date | September 5 |
| IPO Price Band | ₹78-83 per share |
| Total IPO Size | ₹170 crore |
| Offered Shares | 1.43 crore shares |
| New Offering Shares | 1.47 crore shares |
| Offer for Sale (OFS) Shares | 56,900 shares |
| Non-Institutional Investors (NII) | 210.12% subscription |
| Qualified Institution Buyers (QIB) | 150.87% subscription |
| Retail Individual Investors (RII) | 73.22% subscription |
| Possible Listing Price | ₹133 |
| Possible Income | 61% over IPO price |
| Grey Market Price | ₹50 |
| Main Activities | Manufacturing & selling of packaging materials |
| Product Types | Flexible bags, fabric woven sacks, tapes |
| Funds Usage | Repay debt, invest in subsidiaries, capital needs, corporate functions |
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